more from annabelle droulers. this is significant.us in terms of the regulators and the squeeze on google. we have not had a ruling like this for some time. what are the takeaways and implications of this ruling? >> we have not seen a ruling like this for more than two decades now, so it's extremely significant and a big win for the government. what was being questioned, as you said, was google being the default option on phones and web browsers. you get a new iphone and google is the browser loaded on their. apple pay is for that. they came out during the course of the hearings in this case that they paid to do so, to companies like apple and samsung. now the finding from the court is that those deals created a monopoly such that it locked out any other competitor from the market. the court also found apple was able to continue increasing the price of its online advertising pretty much unencumbered. because of that, the finding was that apple had created an illegal monopoly. the consequence is the judge in the case has set a hearing

annabelle droulers, thank you so much. with nvidia earnings failing to impress investors stocks in asia have slipped as well well chinese results help to resend the selloff in the country's tech companies. it let's get more analysis from mark cranfield. avril was describing the risk off session. is that valid? mark: when european investors get to work today if they might be surprised that asia is not doing worse, because with nvidia losing 7% in aftermarket trading, you would've have expected a bigger reaction. we did initially notice futures when they first opened looked bleak, but they have recovered gradually. some of that could be a defect. we come in the last two trading days of the month, and it is a long weekend in the united states. there is less time for people in the states to cover their positions if they need to, so that is probably giving it a boost as well. overall the impact has been less than you may expect. that may be delayed until next week, because traditionally over the long labor day weekend is a time

that was annabelle droulers. bloomberg will sit down exclusively with nvidia's ceo on bloomberg technology on wednesday at 11:30 p.m. u.k. time, so stay tuned for that interview if you are up that late. speaking of, we have a couple data points we are watching out for. 10:30 a.m. u.k. time, the german five-year auction. interesting to see how demand will come through for that given the rally over the last couple weeks. that's the five-year option taking place at 10:30. 3 p.m. u.k. time, watch out for u.s. consumer confidence, another data point to market will be watching for, not a significant, but another sign and reflection of how u.s. consumers are feeling about the u.s. economy, and at 3 p.m., watch out for ecb speak. we get nagel speaking, the bundesbank president, known as one of the more hawkish members of the committee, ahead of a meeting possible out of the ecb in september. will be interesting to see if they are also coming around to the view that maybe it's time for another rate cut. you can get around

annabelle droulers joins me for more details on what is a bloomberg's group. would be momentous, if it happens. we know they are now considering it. what details do we have from our sources on the ground tracking this story? annabelle: this has been one of the most read stories on the date. essentially, it follows that ruling last week where a u.s. judge said alphabet essentially had illegally monopolized the internet search market, so that was sort of the underlying liability ruling. now we are moving toward the remedy for this. the doj needs to present a proposal to the judge in the case for how it thinks that this should be addressed. i am overhearing from sources is that the doj is really considering a raft of different options, but one of the main ones is it could push for google to be broken up, which is really significant, because we have not seen that sort of push since microsoft more than two decades ago, and that was unsuccessful. but the units possibly at greatest risk of divestment here is the android operating system, which is on around 2.5 billio

tom: annabelle droulers breaking down the details and what it means for exposure to tech.ou for the update. plenty more to come. in terms of what to expect from walmart earnings and why it's a great gauge of the u.s. consumer and looking ahead to retail sales as well. this is bloomberg. ♪ why do couples choose a sleep number smart bed? can it keep me warm when i'm cold? wait, no, i'm always hot. sleep number does that. can i make my side softer? i like my side firmer. sleep number does that. your ideal firmness and effortless comfort, all night. can it help us sleep better and better? please? sleep number does that. 9 out of 10 couples report better sleep. during our biggest sale of the year save 50% on the sleep number limited edition smart bed and free delivery when you add any base. shop now at a sleep number store near you. >> everybody's waiting for september and if the rate because that are expected materialize, that will be a boost for the consumer. the thing that gives me confidence be on the next quarter to is this almost sociological shift we have seen with this

annabelle droulers has more of the details. the stock is down 60% year to date. re was a lot of pressure on intel to do something. what do we know about their plans? annabelle: that is right, a 60% slump so far this year, even in the last few weeks we had earnings out and we saw the biggest drop for intel in more than 40 years. the company lit up plans to slash around 15,000 jobs. there is a huge amount of pressure on the ceo pat gelsinger who took the role in 2021. it seems like he could have been overly ambitious, and intel is talking with its long-standing bankers, morgan stanley, goldman sachs to talk about different options for the company moving forward. one of the most extreme we are sharing about his it could spin off or list its foundry business. that is an area pat gelsinger viewed as key to restore intel's standing amongst chipmakers. perhaps it will not come to that. we could for instance see a less dramatic step forward before we reach that point. joumanna: again, we were speaking about this earlier on one of the earlier shows and about the foundry bu

annabelle droulers is here with the details. what more do we know? lle: it really is interesting timing for this bloomberg scoop to have come out because you think about the context aware intel is. we had earnings earlier this month and they were bleak. we saw the worst share decline in about 40 years for the company. they gave a very grim growth forecast. they also made or announced plans to slash 15,000 jobs. how is intel going to chart his path forward? the company is holding talks with its really long time bankers, so the likes of goldman sachs, morgan stanley and it is trying to get advice on, where do they go from here looking at the different possibilities? one of those that is the most extreme seems to be splitting off or listing its foundry business. that's really significant because pat gelsinger, who took the ceo role back in 2021, has really promised a turnaround of the company. part of that is promising to build out the foundry division and start to compete with the likes of tsmc. of course, that is the most extreme, as i said. so perhaps

annabelle droulers, a really surprising sequence of events, walk us through what happened and why mr. was arrested over this weekend? >> it is interesting to put that in highlight, how surprising this sequence of events has been, because you have seen somewhat screwed the on tech ceos -- scrutiny on tech ceos over the years, the heads of meta and google but never seen a tech executive being arrested in plain sight and that is exactly what happened to pavel durov when he was returning to paris over the weekend. he was detained at an airport on the outskirts of the capital city. all of this being first reported by afp, i should know, but the suspicion is he failed to take steps to prevent criminal use of telegram. telegram is a messaging app, many would be familiar with it, it has about 900 million users worldwide. it has gained prominence as an app that is that about to spread disinformation, hate speech. that has an association with extremists. a lot of that have been present in recent events. we had the anti-immigrant riots in the u.k. in early august. telegram was front and center b

annabelle droulers joins us. >> it is a story of one size does not at all.e timeline of where we are right now, it is nearly two years since chatgpt was introduced to the public, and since then it is been a story of models built on english data. particularly in a country like india where you have got into people who do not have english as a first language, they are also preferring to communicate in spoken language of her text prompts, so you have to shift on a focus of ai voice products instead of the traditional textbased chatbot. there is the hope you can have a more dynamic and conversational service that can respond in real time, so if india ends up following or leading of the space there is hope other countries could follow suit, but one example is a company called sarvam. it is often compared to india's openai company, and last month it unveiled a product that lets businesses interact with customers using voice instead of written language based on the data from 10 different local languages had raised extremely competitively as well to try to capture th

tell us the walmart is exiting at stake in the company, let's get more from our tech reporter annabelle droulerswe are hearing the stocks being offered at a discount, what's the rationale? anabel: it could be as much as a 12% discount. yesterday's close, that's what we are hearing from sources about the marketed range from that stock. the rationale seems to be around walmart and its vision for how it operates in china, it had this taken jd.com going back to 2016, but you think about the changes we have seen in the retail space since then, not only is the macro environment licking challenge, it has consumers wary and nervous to put their hand into their wallets, but at the same time you've got intense competition, the likes of alibaba, pdb, so it's a very to forget -- difficult environment for jd.com to operate in. this is what walmart could be thinking about, where is it operating best and where the bright spots in china, that seems to be it. sam's club offers premium goods with membership model. this is about refocusing. walmart could be exiting raising around 3.7 billion dollars, looking to us